SECP approves IPO of Service Long March Tyres; 12 listings signal strong PSX momentum

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 2nd May, 2026) The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance and publication of the prospectus for the Initial Public Offering (IPO) of Service Long March Tyres Limited (SLM). With this approval, the total number of IPOs in FY2025–26 has reached 12, reflecting a steady pipeline of companies opting to list at the pakistan stock exchange (psx).

This momentum comes despite a challenging global environment. Pakistan’s capital market demonstrated resilience amid geopolitical tensions, including the US-Iran conflict, rising oil prices, higher freight and insurance costs, and broad risk-off sentiment in global markets, said a press release issued by the SECP here on Saturday.

During this period, the KSE-100 Index declined by 14.

54%. However, strong domestic investor participation, sustained Primary market activity, and ongoing regulatory reforms helped maintain overall market confidence.

SLM, engaged in the manufacturing, sale, and export of truck and bus radial tyres, is offering 389,738,038 ordinary shares, representing 5% of its post-IPO paid-up capital. The offering will be conducted through the book-building mechanism, with 75% of shares allocated to institutional investors and high-net-worth individuals, while the remaining 25% will be available to retail investors.

The continued inflow of new listings underscores growing corporate confidence in capital markets as a reliable avenue for fundraising. The SECP advises investors to carefully review the prospectus before making any investment decisions.